Bulls are toast, so now weak handed shorts are getting obliterated by Skynet, a necessary and sufficient condition for collapse...
Two years of gains are gone:
Wilshire total market index
Deja vu, failed at the 50 week moving average again...
No, this is not 2011. Thanks for asking...
GAAP profits with S&P. 7 out of 11 sectors are expected to show decline in Q4.
The double death cross doesn't give up its dead...
We've seen this movie before...remember last week's oil short-covering rally (Thursday)? Well this is this week's oil short-covering rally. After the rally, the market gapped down 50 points the next day (Friday), the second biggest downside gap in seven years
Exxon
Seven years of downside (SPY) gaps through last Friday. Plan Monday accordingly...
The mega-cap stocks are always the last to fall
Rotation into mega caps has been going on since QE3 was tapered and then ended (2014). The only way Skynet could keep this shit show levitated...
Russell 1000 Equal weight / cap weighted:
World ex-U.S. (yesterday close):
